Commit To Buy Chegg At $3, Earn 13.3% Using Options
May 08, 2024 at 11:48 AM EDT
Investors considering a purchase of Chegg Inc (CHGG) stock, but tentative about paying the going market price of $5.13/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December 2025 put at the $3 strike, which has a bid at the time of this writing of 40 cents..